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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Revenue $ 439.9 $ 455.0 $ 844.8 $ 870.5
Life, accident and health earned premiums, net 29.9 19.9 59.8 39.9
Net investment income 50.3 19.4 101.4 37.1
Net realized and unrealized gains (losses) on investments (1.5) 2.5 4.0 3.0
Net revenue 518.6 496.8 1,010.0 950.5
Operating expenses        
Cost of revenue 381.2 400.6 738.9 776.3
Policy benefits, changes in reserves, and commissions 48.0 35.4 100.7 67.7
Selling, general and administrative 52.1 57.1 105.0 109.1
Depreciation and amortization 7.6 9.0 14.5 18.7
Other operating (income) expenses (1.2) 0.2 (1.6) (2.0)
Total operating expenses 487.7 502.3 957.5 969.8
Income (loss) from operations 30.9 (5.5) 52.5 (19.3)
Interest expense (23.0) (17.2) (45.3) (36.5)
Gain on sale and deconsolidation of subsidiary 0.0 102.1 0.0 102.1
Income from equity investees 6.1 10.7 1.2 5.5
Gain on bargain purchase 1.1 0.0 1.1 0.0
Other income (expense), net (4.7) (0.9) (1.4) 0.2
Income from continuing operations 10.4 89.2 8.1 52.0
Income tax expense (1.2) (9.4) (5.2) (11.1)
Net income 9.2 79.8 2.9 40.9
Less: Net (income) loss attributable to noncontrolling interest and redeemable noncontrolling interest 0.2 (24.4) 3.7 (20.5)
Net income attributable to HC2 Holdings, Inc. 9.4 55.4 6.6 20.4
Less: Preferred dividends, deemed dividends, and repurchase gains 0.4 0.7 (0.8) 1.4
Net income attributable to common stock and participating preferred stockholders $ 9.0 $ 54.7 $ 7.4 $ 19.0
Income per common share        
Basic (in usd per share) $ 0.19 $ 1.11 $ 0.15 $ 0.39
Diluted (in usd per share) $ 0.12 $ 1.08 $ 0.08 $ 0.38
Weighted average common shares outstanding:        
Basic (in shares) 45.6 44.2 45.2 44.1
Diluted (in shares) 58.1 45.5 59.9 45.3